22:47:50 EST Thu 05 Feb 2026
Enter Symbol
or Name
USA
CA



Q Precious & Battery Metals Corp (2)
Symbol QMET
Shares Issued 122,164,089
Close 2026-02-05 C$ 0.08
Market Cap C$ 9,773,127
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Q Precious notes Quebec Innovative has N.S. drilling OK

2026-02-05 20:48 ET - News Release

Mr. Richard Penn reports

QMET ACKNOWLEDGES REGULATORY APPROVAL GRANTED TO QUEBEC INNOVATIVE MATERIALS CORP. IN NOVA SCOTIA AND HIGHLIGHTS POSITIVE MOMENTUM FOR CUMBERLAND BASIN ACTIVITIES

Q Precious & Battery Metals Corp. has acknowledged that Quebec Innovative Materials Corp. has received a notice of approval from Nova Scotia regulators authorizing drilling activities in the West Advocate area of Cumberland county, Nova Scotia.

Q Precious congratulates Quebec Innovative and its technical and operational teams on achieving this important regulatory milestone. The approval represents a significant step forward in advancing natural hydrogen exploration activities in Nova Scotia, and reflects continued regulatory engagement and technical progress within the Cumberland basin.

Q Precious notes that it maintains a working relationship with Quebec Innovative, under which Quebec Innovative is leading and advancing Q Precious's exploration program in Nova Scotia, including within the broader Cumberland geological setting. As such, regulatory progress achieved by Quebec Innovative is viewed by Q Precious as constructive and informative for the continued advancement of its own exploration initiatives.

Q Precious continues to advance its Cumberland basin project through a disciplined and methodical approach focused on geological interpretation, data integration and stakeholder engagement. The company believes that the advancement of exploration activities across the basin -- by experienced operators -- supports a broader understanding of regional geological potential and contributes to the derisking of future exploration programs.

"Achieving regulatory approval for drilling is a meaningful milestone in any exploration program," said Richard Penn, chief executive officer of Q Precious. "We congratulate QIMC on this accomplishment and view it as a positive development for ongoing exploration activity in the Cumberland basin. QIMC's progress also supports the continued advancement of QMET's exploration efforts in Nova Scotia."

Q Precious remains committed to advancing its exploration strategy in Nova Scotia in a responsible and technically rigorous manner, working collaboratively with regulators, local communities and stakeholders. The company recognizes the increasing importance of energy security and the growing constraints on traditional power grids, particularly as demand accelerates for power-intensive infrastructure such as artificial intelligence data centres and high performance computing facilities. As interest continues to grow in reliable, off-grid and low-carbon energy solutions capable of operating independently of existing grid limitations, Q Precious believes that disciplined exploration within the Cumberland basin is timely and strategically aligned with evolving energy and infrastructure needs, while remaining subject to regulatory approvals, technical validation and further evaluation.

About Q Precious & Battery Metals Corp.

Q Precious is a Canadian natural resource exploration company with 100-per-cent-owned mineral projects in Quebec and Nova Scotia focused on the exploration of critical and precious metals, as well as natural white hydrogen. Flagship projects include the LaCorne South critical mineral project and the recently acquired Matane in Quebec, and the Colchester natural hydrogen projects in Nova Scotia, in a collaboration with Quebec Innovative.

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